आवर्ती जमा बनाम सावधि जमा: कौन सा बेहतर है?

Updated on August 26, 2025 , 10336 views

आवर्ती जमा बनाम सावधि जमा? सोच रहे हैं कि अपना पैसा कहां बचाएं? खैर, कई बार निवेशक भ्रमित हो जाते हैं कि आवर्ती जमा (आरडी) में निवेश करें या सावधि जमा (एफडी) हालांकि वे सबसे लोकप्रिय बचत योजनाएं हैं, विशेष रूप से जोखिम से बचने वाले निवेशकों के बीच, यह समझना महत्वपूर्ण है कि आरडी और एफडी एक दूसरे से कैसे भिन्न हैं और कौन सा बेहतर हैनिवेश विकल्प।

आवर्ती जमा (आरडी)

आरडी एक हैवित्तीय साधन मुख्य रूप से बचत को प्रोत्साहित करने की दिशा में निर्देशित। इस योजना में, निवेशकों के पास हर महीने एक विशिष्ट राशि को या तो एक में बचाने की सुविधा होती हैबैंकया वित्तीय संस्थान का आरडी खाता पूर्व निर्धारित अवधि के लिए और इस राशि पर ब्याज अर्जित करें। परिपक्वता पर, मूल राशि के साथ ब्याज का भुगतान किया जाता है।

सावधि जमा (एफडी)

सावधि जमा एक प्रकार के वित्तीय साधन हैं जो बैंकों द्वारा एक निश्चित पूर्वनिर्धारित अवधि के लिए प्रदान किए जाते हैं और aब्याज की निश्चित दर. इस योजना में FD खाता बनाते समय एक बार एक निश्चित राशि जमा की जाती है। कार्यकाल के अंत में, चुने हुए कार्यकाल के लिए ब्याज राशि की गणना मूल राशि के साथ की जाती है और कुल राशि का भुगतान संचयी रूप से किया जाता है।

आवर्ती जमा बनाम सावधि जमा

मापदंडों	आवर्ती जमा (आरडी)	सावधि जमा (एफडी)
कार्यकाल	आरडी का कार्यकाल आमतौर पर 6 महीने से लेकर 10 साल तक होता है	FD योजना का कार्यकाल 7 दिनों से 10 वर्ष के बीच होता है
ब्याज गणना	कंपाउंडिंग आम तौर पर आरडी योजना के लिए हर तिमाही पर ब्याज मिलता है	FD में, चक्रवृद्धि ब्याज की गणना हर साल अर्जित ब्याज पर की जाती है
पात्रता	सभी निवासी भारतीय और हिंदू अविभाजित परिवार (HUF) RD खाता खोलने के पात्र हैं। यह खाता नाबालिगों के लिए उनके माता-पिता या कानूनी अभिभावकों द्वारा भी खोला जा सकता है	सभी निवासी भारतीय और हिंदू अविभाजित परिवार (एचयूएफ) एक सावधि जमा खाता खोलने के पात्र हैं
कर लाभ	इस योजना में कोई कर लाभ नहीं दिया जाता है	सावधि जमा के लिए, के तहत कर छूटधारा 80सी काआयकर अधिनियम 1961 लागू है। यह 5 साल से अधिक की जमाराशियों के लिए लागू है (मौजूदा कानूनों के अनुसार)
प्रतिफल दर	ब्याज दर FD के समान है लेकिन आमतौर पर, कार्यकाल और मासिक निवेश राशि पर निर्भर करती है	ब्याज दर RD के समान है लेकिन निर्भर करती हैराजधानी और कार्यकाल चुना गया
अतिरिक्त लाभ	अधिकांश बैंक जमा मूल्य के 90% तक ऋण प्रदान करते हैं	अधिकांश बैंक जमा मूल्य के 70% - 90% तक ऋण प्रदान करते हैं।
निकासी	कुछ मामलों में, बिना दंड के समय से पहले निकासी की अनुमति है। जबकि कुछ बैंक जुर्माना लगा सकते हैं	दंड के साथ समयपूर्व निकासी की अनुमति है
आय रुचि	आरडी पर अर्जित ब्याज कर योग्य है और अधिकांश बैंक टीडीएस काटते हैं	FD पर अर्जित ब्याज कर योग्य है और अधिकांश बैंक TDS काटते हैं

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आवर्ती जमा बनाम सावधि जमा: अधिक कमाई कहां से करें?

चूंकि आरडी और एफडी दोनों जोखिम से बचने वाले निवेशकों के लिए उपयुक्त हैं, इसलिए अंतिम विकल्प किसी की जरूरतों पर निर्भर करता है। एक FD खाते में, जमा की गई प्रारंभिक एकमुश्त राशि पर ब्याज संयोजित होता है। जमा की गई पूरी राशि पर एक साल का ब्याज मिलता है। हालांकि, आरडी में, केवल पहली जमा राशि पर पहले साल यानी 12 महीने के लिए ब्याज मिलता है। दूसरी जमा राशि पर 11 महीने के लिए, तीसरे पर 10 महीने के लिए ब्याज मिलता है, इत्यादि। कंपाउंडिंग प्रभाव सावधि जमा को निवेशकों के लिए उच्च रिटर्न उत्पन्न करने में सक्षम बनाता है।

हालांकि समय के साथ, कोई व्यक्ति सावधि जमा (उदाहरण नीचे दिखाया गया है) के साथ अधिक पैसा कमा सकता है, लेकिन इसमें मासिक छोटी राशि जमा करने में सक्षम होने के मामले में आवर्ती जमा खाते की लचीलापन नहीं है। इसलिए, जिनके पास निवेश करने के लिए एकमुश्त राशि नहीं है, वे मासिक निवेश को प्राथमिकता दे सकते हैं।

बेहतर समझ के लिए, हमने दोनों योजनाओं में अंतर को स्पष्ट किया है। इसलिए उपयोगकर्ता स्पष्ट रूप से समझ सकते हैं और अच्छी तरह से चुन सकते हैं।

चित्रण:

आइए मान लें कि आप निवेश करते हैंINR 1000 (मासिक एक वर्ष के लिए) एक आवर्ती जमा में और आपने एकमुश्त निवेश किया हैINR 12,000 वर्ष की शुरुआत में सावधि जमा में। ये दोनों उत्पाद आपको तिमाही चक्रवृद्धि ब्याज 9 प्रतिशत प्रदान करते हैं। ऐसाआय इन दो योजनाओं में से नीचे दिया गया है-

विवरण	आवर्ती जमा (आरडी)	सावधि जमा (एफडी)
निवेश की गई राशि	INR 5,000 (मासिक)	INR 60,000 (एकमुश्त)
कार्यकाल	12 महीने	12 महीने
वार्षिक ब्याज दरें	6%	6%
अर्जित की गई कुल राशि	INR 61,986	INR 63,701
शुद्ध लाभ	INR 1,986	INR 3,701

अब जब आप RD और FD के बीच मुख्य अंतर जानते हैं, तो आप किसी एक को चुन सकते हैं और समझदारी से निवेश कर सकते हैं। हालांकि FD, RD की तुलना में बेहतर ग्रोथ देता है, लेकिन ज्यादातर समय, आपकी सभी जरूरतों को पूरा करने के लिए किसी एक इंस्ट्रूमेंट के लिए संभव नहीं है। इसलिए, जब आपके पास निवेश करने के लिए एकमुश्त राशि नहीं है, तो आप हर महीने अपनी आय में से एक छोटी राशि बचा सकते हैं और एक आवर्ती जमा में निवेश कर सकते हैं!

अन्य विकल्प

लिक्विड/अल्ट्रा शॉर्ट डेट म्यूचुअल फंड

1. IDBI Ultra Short Term Fund

The objective of the Scheme will be to provide investors with regular income for their investment by investing in debt and money market instruments with relatively lower interest rate risk, such that the Macaulay duration of the portfolio is maintained between 3 months to 6 months. However, there can be no assurance that the investment objective of the Scheme will be realized.

Research Highlights for IDBI Ultra Short Term Fund

Bottom quartile AUM (₹146 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 6.39% (bottom quartile).
1M return: 0.52% (top quartile).
Sharpe: -0.57 (bottom quartile).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.83% (top quartile).
Modified duration: 0.19 yrs (top quartile).
Average maturity: 0.23 yrs (top quartile).
Exit load: NIL.

Below is the key information for IDBI Ultra Short Term Fund

IDBI Ultra Short Term Fund Growth
Launch Date	3 Sep 10
NAV (28 Jul 23)	₹2,424.68 ↑ 0.44 (0.02 %)
Net Assets (Cr)	₹146 on 30 Jun 23
Category	Debt - Ultrashort Bond
AMC	IDBI Asset Management Limited
Rating	☆
Risk	Moderately Low
Expense Ratio	0.6
Sharpe Ratio	-0.57
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.83%
Effective Maturity	2 Months 23 Days
Modified Duration	2 Months 10 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,394
31 Jul 22	₹10,811

IDBI Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for IDBI Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23

Duration	Returns
1 Month	0.5%
3 Month	1.6%
6 Month	3.4%
1 Year	6.4%
3 Year	4.8%
5 Year	5.5%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Fund Manager information for IDBI Ultra Short Term Fund

Name	Since	Tenure

Data below for IDBI Ultra Short Term Fund as on 30 Jun 23

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

2. Nippon India Ultra Short Duration Fund

(Erstwhile Reliance Liquid Fund - Cash Plan)

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments.

Research Highlights for Nippon India Ultra Short Duration Fund

Upper mid AUM (₹10,252 Cr).
Established history (23+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Low.
1Y return: 7.21% (lower mid).
1M return: 0.44% (lower mid).
Sharpe: 2.22 (upper mid).
Information ratio: 0.00 (top quartile).
Yield to maturity (debt): 6.72% (top quartile).
Modified duration: 0.45 yrs (lower mid).
Average maturity: 0.67 yrs (bottom quartile).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~47%).
High-quality debt (AAA/AA ~100%).
Largest holding Bank of India Ltd. (~5.0%).

Below is the key information for Nippon India Ultra Short Duration Fund

Nippon India Ultra Short Duration Fund Growth
Launch Date	7 Dec 01
NAV (28 Aug 25)	₹4,069.66 ↑ 1.32 (0.03 %)
Net Assets (Cr)	₹10,252 on 31 Jul 25
Category	Debt - Ultrashort Bond
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆
Risk	Low
Expense Ratio	1.12
Sharpe Ratio	2.22
Information Ratio	0
Alpha Ratio	0
Min Investment	100
Min SIP Investment	100
Exit Load	NIL
Yield to Maturity	6.72%
Effective Maturity	8 Months 1 Day
Modified Duration	5 Months 12 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,943
31 Jul 22	₹11,358
31 Jul 23	₹12,082
31 Jul 24	₹12,928
31 Jul 25	₹13,871

Nippon India Ultra Short Duration Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Nippon India Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3.6%
1 Year	7.2%
3 Year	6.9%
5 Year	6.7%
10 Year
15 Year
Since launch	6.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.2%
2023	6.7%
2022	4.6%
2021	7.8%
2020	4.9%
2019	0.9%
2018	7.3%
2017	5.8%
2016	6.8%
2015	7.6%

Fund Manager information for Nippon India Ultra Short Duration Fund

Name	Since	Tenure
Vivek Sharma	1 Oct 13	11.84 Yr.
Kinjal Desai	25 May 18	7.19 Yr.
Akshay Sharma	1 Dec 22	2.67 Yr.

Data below for Nippon India Ultra Short Duration Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	46.67%
Debt	53.05%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	60.71%
Cash Equivalent	27.11%
Government	11.9%

Credit Quality

Rating	Value
AA	15.55%
AAA	84.45%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bank of India Ltd. Debentures \| -	5%	₹495 Cr	10,000
National Bank For Agriculture And Rural Development Debentures \| -	5%	₹453 Cr	45,000
Power Finance Corporation Limited Debentures \| -	4%	₹353 Cr	35,000 ↑ 17,500
182 Days Tbill Sovereign Bonds \| -	3%	₹248 Cr	25,000,000
Vedanta Limited Debentures \| -	2%	₹242 Cr	24,000
LIQUID GOLD SERIES 10 Unlisted bonds \| -	2%	₹206 Cr	82
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹202 Cr	20,000
Small Industries Development Bank Of India Debentures \| -	2%	₹201 Cr	2,000
182 Days Tbill Sovereign Bonds \| -	2%	₹198 Cr	20,000,000
Piramal Finance Limited Debentures \| -	2%	₹195 Cr	19,500 ↑ 9,500

3. IDBI Liquid Fund

The investment objective of the Scheme will be to provide investors with high level of liquidity along with regular income for their investment. The Scheme will endeavour to achieve this objective through an allocation of the investment corpus in a low risk portfolio of money market and debt instruments with maturity of up to 91 days. However, there can be no assurance that the investment objective of the Scheme will be realized.

Research Highlights for IDBI Liquid Fund

Bottom quartile AUM (₹503 Cr).
Established history (15+ yrs).
Rating: 3★ (upper mid).
Risk profile: Low.
1Y return: 6.55% (bottom quartile).
1M return: 0.53% (top quartile).
Sharpe: 0.20 (bottom quartile).
Information ratio: -5.96 (bottom quartile).
Yield to maturity (debt): 6.66% (upper mid).
Modified duration: 0.10 yrs (top quartile).
Average maturity: 0.11 yrs (top quartile).
Exit load: NIL.

Below is the key information for IDBI Liquid Fund

IDBI Liquid Fund Growth
Launch Date	9 Jul 10
NAV (28 Jul 23)	₹2,454.04 ↑ 0.35 (0.01 %)
Net Assets (Cr)	₹503 on 30 Jun 23
Category	Debt - Liquid Fund
AMC	IDBI Asset Management Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.17
Sharpe Ratio	0.2
Information Ratio	-5.96
Alpha Ratio	-0.21
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.66%
Effective Maturity	1 Month 10 Days
Modified Duration	1 Month 7 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,340
31 Jul 22	₹10,726

IDBI Liquid Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for IDBI Liquid Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23

Duration	Returns
1 Month	0.5%
3 Month	1.7%
6 Month	3.4%
1 Year	6.6%
3 Year	4.5%
5 Year	5.3%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Fund Manager information for IDBI Liquid Fund

Name	Since	Tenure

Data below for IDBI Liquid Fund as on 30 Jun 23

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

4. ICICI Prudential Ultra Short Term Fund

(Erstwhile ICICI Prudential Regular Income Fund)

The fund’s objective is to generate regular income through investments primarily in debt and money market instruments. As a secondary objective, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme.

Research Highlights for ICICI Prudential Ultra Short Term Fund

Top quartile AUM (₹16,382 Cr).
Established history (14+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderate.
1Y return: 7.48% (top quartile).
1M return: 0.47% (upper mid).
Sharpe: 2.80 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.63% (upper mid).
Modified duration: 0.40 yrs (upper mid).
Average maturity: 0.60 yrs (bottom quartile).
Exit load: 0-1 Months (0.5%),1 Months and above(NIL).
Top sector: Energy.
Top bond sector: Corporate.
Conservative stance with elevated cash (~49%).
High-quality debt (AAA/AA ~100%).
Largest holding 7.11% Govt Stock 2028 (~4.8%).

Below is the key information for ICICI Prudential Ultra Short Term Fund

ICICI Prudential Ultra Short Term Fund Growth
Launch Date	3 May 11
NAV (28 Aug 25)	₹28.0029 ↑ 0.01 (0.03 %)
Net Assets (Cr)	₹16,382 on 31 Jul 25
Category	Debt - Ultrashort Bond
AMC	ICICI Prudential Asset Management Company Limited
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.8
Sharpe Ratio	2.8
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	0-1 Months (0.5%),1 Months and above(NIL)
Yield to Maturity	6.63%
Effective Maturity	7 Months 6 Days
Modified Duration	4 Months 24 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,473
31 Jul 22	₹10,862
31 Jul 23	₹11,576
31 Jul 24	₹12,411
31 Jul 25	₹13,351

ICICI Prudential Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for ICICI Prudential Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23

Duration	Returns
1 Month	0.5%
3 Month	1.6%
6 Month	3.8%
1 Year	7.5%
3 Year	7.1%
5 Year	5.9%
10 Year
15 Year
Since launch	7.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.5%
2023	6.9%
2022	4.5%
2021	4%
2020	6.5%
2019	8.4%
2018	7.5%
2017	6.9%
2016	9.8%
2015	9.1%

Fund Manager information for ICICI Prudential Ultra Short Term Fund

Name	Since	Tenure
Manish Banthia	15 Nov 16	8.71 Yr.
Ritesh Lunawat	15 Jun 17	8.13 Yr.

Data below for ICICI Prudential Ultra Short Term Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	48.61%
Debt	51.13%
Other	0.26%

Debt Sector Allocation

Sector	Value
Corporate	57.81%
Cash Equivalent	25.49%
Government	16.45%

Credit Quality

Rating	Value
AA	18.42%
AAA	81.58%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.11% Govt Stock 2028 Sovereign Bonds \| -	5%	₹835 Cr	82,500,000
LIC Housing Finance Ltd Debentures \| -	3%	₹603 Cr	6,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹581 Cr	57,500 ↑ 10,000
182 Days Tbill Sovereign Bonds \| -	3%	₹496 Cr	50,000,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹377 Cr	3,750
Vedanta Limited Debentures \| -	2%	₹301 Cr	30,000
Piramal Finance Limited Debentures \| -	2%	₹275 Cr	27,500
Small Industries Development Bank Of India Debentures \| -	1%	₹253 Cr	25,000
Larsen And Toubro Limited Debentures \| -	1%	₹251 Cr	25,000
LIC Housing Finance Ltd Debentures \| -	1%	₹226 Cr	2,250

5. Aditya Birla Sun Life Savings Fund

The primary objective of the schemes is to generate regular income through investments in debt and money market instruments. Income maybe generated through the receipt of coupon payments or the purchase and sale of securities in the underlying portfolio. The schemes will under normal market conditions, invest its net assets in fixed income securities, money market instruments, cash and cash equivalents.

Research Highlights for Aditya Birla Sun Life Savings Fund

Highest AUM (₹20,795 Cr).
Established history (22+ yrs).
Top rated.
Risk profile: Moderately Low.
1Y return: 7.96% (top quartile).
1M return: 0.45% (lower mid).
Sharpe: 3.76 (top quartile).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.60% (upper mid).
Modified duration: 0.49 yrs (bottom quartile).
Average maturity: 0.59 yrs (bottom quartile).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~36%).
High-quality debt (AAA/AA ~100%).
Largest holding Shriram Finance Limited (~3.0%).

Below is the key information for Aditya Birla Sun Life Savings Fund

Aditya Birla Sun Life Savings Fund Growth
Launch Date	16 Apr 03
NAV (28 Aug 25)	₹554.615 ↑ 0.17 (0.03 %)
Net Assets (Cr)	₹20,795 on 31 Jul 25
Category	Debt - Ultrashort Bond
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.55
Sharpe Ratio	3.76
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.6%
Effective Maturity	7 Months 2 Days
Modified Duration	5 Months 26 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,459
31 Jul 22	₹10,860
31 Jul 23	₹11,598
31 Jul 24	₹12,461
31 Jul 25	₹13,467

Aditya Birla Sun Life Savings Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Aditya Birla Sun Life Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23

Duration	Returns
1 Month	0.4%
3 Month	1.7%
6 Month	4%
1 Year	8%
3 Year	7.4%
5 Year	6.1%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.9%
2023	7.2%
2022	4.8%
2021	3.9%
2020	7%
2019	8.5%
2018	7.6%
2017	7.2%
2016	9.2%
2015	8.9%

Fund Manager information for Aditya Birla Sun Life Savings Fund

Name	Since	Tenure
Sunaina Cunha	20 Jun 14	11.12 Yr.
Kaustubh Gupta	15 Jul 11	14.06 Yr.
Monika Gandhi	22 Mar 21	4.36 Yr.

Data below for Aditya Birla Sun Life Savings Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	36.33%
Debt	63.4%
Other	0.27%

Debt Sector Allocation

Sector	Value
Corporate	64.44%
Cash Equivalent	20.11%
Government	15.18%

Credit Quality

Rating	Value
AA	36.06%
AAA	64.07%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Shriram Finance Limited Debentures \| -	3%	₹614 Cr	60,000
Nirma Limited Debentures \| -	2%	₹489 Cr	48,500
Gujarat (Government of) - \| -	2%	₹378 Cr	37,500,000
Axis Bank Ltd. Debentures \| -	2%	₹366 Cr	7,500 ↑ 500
Bharti Telecom Limited Debentures \| -	2%	₹362 Cr	3,600
Mankind Pharma Limited Debentures \| -	2%	₹349 Cr	34,500
Bharti Telecom Limited Debentures \| -	2%	₹322 Cr	3,200 ↑ 500
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹317 Cr	3,150
Avanse Financial Services Limited Debentures \| -	1%	₹302 Cr	30,000
ICICI Home Finance Company Limited Debentures \| -	1%	₹270 Cr	27,000

6. UTI Ultra Short Term Fund

(Erstwhile UTI - Floating Rate Fund - Short Term Plan)

To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns. The Scheme may also invest a portion of its net assets in fixed rate debt securities and money market instruments .However there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

Research Highlights for UTI Ultra Short Term Fund

Lower mid AUM (₹4,337 Cr).
Established history (22+ yrs).
Rating: 4★ (top quartile).
Risk profile: Moderately Low.
1Y return: 7.15% (lower mid).
1M return: 0.43% (bottom quartile).
Sharpe: 2.14 (lower mid).
Information ratio: 0.00 (upper mid).
Yield to maturity (debt): 6.42% (lower mid).
Modified duration: 0.47 yrs (bottom quartile).
Average maturity: 0.53 yrs (lower mid).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Top bond sector: Corporate.
Conservative stance with elevated cash (~59%).
High-quality debt (AAA/AA ~100%).
Largest holding Small Industries Development Bank Of India (~3.9%).

Below is the key information for UTI Ultra Short Term Fund

UTI Ultra Short Term Fund Growth
Launch Date	29 Aug 03
NAV (28 Aug 25)	₹4,281.46 ↑ 1.31 (0.03 %)
Net Assets (Cr)	₹4,337 on 31 Jul 25
Category	Debt - Ultrashort Bond
AMC	UTI Asset Management Company Ltd
Rating	☆☆☆☆
Risk	Moderately Low
Expense Ratio	0.93
Sharpe Ratio	2.14
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.42%
Effective Maturity	6 Months 10 Days
Modified Duration	5 Months 19 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,380
31 Jul 22	₹11,011
31 Jul 23	₹11,707
31 Jul 24	₹12,523
31 Jul 25	₹13,432

UTI Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for UTI Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3.6%
1 Year	7.2%
3 Year	6.8%
5 Year	6.1%
10 Year
15 Year
Since launch	6.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.2%
2023	6.7%
2022	4.2%
2021	6.1%
2020	5.3%
2019	3.3%
2018	7%
2017	6.6%
2016	8.9%
2015	8.5%

Fund Manager information for UTI Ultra Short Term Fund

Name	Since	Tenure
Anurag Mittal	21 Jan 25	0.52 Yr.

Data below for UTI Ultra Short Term Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	59.33%
Debt	40.49%
Other	0.18%

Debt Sector Allocation

Sector	Value
Corporate	62.55%
Cash Equivalent	29.89%
Government	7.38%

Credit Quality

Rating	Value
AA	12.82%
AAA	87.18%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Small Industries Development Bank Of India Debentures \| -	4%	₹181 Cr	1,800
Titan Company Limited Debentures \| -	3%	₹151 Cr	15,000
Bajaj Housing Finance Limited Debentures \| -	2%	₹101 Cr	1,000
LIC Housing Finance Ltd Debentures \| -	2%	₹101 Cr	1,000
182 Days Tbill Sovereign Bonds \| -	2%	₹99 Cr	1,000,000,000 ↓ -500,000,000
India (Republic of) - \| -	2%	₹99 Cr	1,000,000,000
Shriram Finance Limited Debentures \| -	2%	₹81 Cr	8,000
Indian Bank Domestic Bonds \| -	2%	₹72 Cr	750,000,000
Indian Bank Domestic Bonds \| -	2%	₹72 Cr	750,000,000
LIC Housing Finance Ltd Debentures \| -	1%	₹51 Cr	500 ↑ 500

7. Kotak Savings Fund

(Erstwhile Kotak Treasury Advantage Fund)

The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Research Highlights for Kotak Savings Fund

Upper mid AUM (₹15,954 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately Low.
1Y return: 7.23% (upper mid).
1M return: 0.42% (bottom quartile).
Sharpe: 2.11 (lower mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.36% (lower mid).
Modified duration: 0.47 yrs (bottom quartile).
Average maturity: 0.50 yrs (upper mid).
Exit load: NIL.
Top sector: Financial Services.
Top bond sector: Corporate.
Conservative stance with elevated cash (~59%).
High-quality debt (AAA/AA ~99%).
Largest holding 8.2% Govt Stock 2025 (~5.0%).

Below is the key information for Kotak Savings Fund

Kotak Savings Fund Growth
Launch Date	13 Aug 04
NAV (28 Aug 25)	₹43.3176 ↑ 0.01 (0.03 %)
Net Assets (Cr)	₹15,954 on 31 Jul 25
Category	Debt - Ultrashort Bond
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.81
Sharpe Ratio	2.11
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.36%
Effective Maturity	6 Months
Modified Duration	5 Months 19 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,357
31 Jul 22	₹10,712
31 Jul 23	₹11,406
31 Jul 24	₹12,203
31 Jul 25	₹13,100

Kotak Savings Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Kotak Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3.7%
1 Year	7.2%
3 Year	6.9%
5 Year	5.6%
10 Year
15 Year
Since launch	7.2%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.2%
2023	6.8%
2022	4.5%
2021	3.2%
2020	5.8%
2019	7.8%
2018	7.4%
2017	6.7%
2016	8.2%
2015	8.6%

Fund Manager information for Kotak Savings Fund

Name	Since	Tenure
Deepak Agrawal	15 Apr 08	17.31 Yr.
Manu Sharma	1 Nov 22	2.75 Yr.

Data below for Kotak Savings Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	58.64%
Debt	41.09%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	59.25%
Cash Equivalent	23.38%
Government	17.09%

Credit Quality

Rating	Value
AA	7.9%
AAA	90.97%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
8.2% Govt Stock 2025 Sovereign Bonds \| -	5%	₹804 Cr	80,000,000
Bajaj Housing Finance Limited Debentures \| -	4%	₹648 Cr	6,420
National Bank For Agriculture And Rural Development Debentures \| -	4%	₹615 Cr	61,000 ↑ 5,000
Rec Limited Debentures \| -	3%	₹478 Cr	47,500
Mankind Pharma Limited Debentures \| -	2%	₹303 Cr	30,000
364 DTB 19mar2026 Sovereign Bonds \| -	1%	₹241 Cr	25,000,000
India (Republic of) - \| -	1%	₹239 Cr	25,000,000
Bharti Telecom Limited Debentures \| -	1%	₹226 Cr	2,250
08.49 Tn SDL 2026 Sovereign Bonds \| -	1%	₹204 Cr	20,080,000
Vedanta Limited Debentures \| -	1%	₹202 Cr	20,000

8. Invesco India Ultra Short Term Fund

(Erstwhile Invesco India Medium Term Bond Fund)

The objective is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments.

Research Highlights for Invesco India Ultra Short Term Fund

Bottom quartile AUM (₹1,191 Cr).
Established history (14+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderate.
1Y return: 7.33% (upper mid).
1M return: 0.45% (upper mid).
Sharpe: 2.75 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.23% (bottom quartile).
Modified duration: 0.44 yrs (upper mid).
Average maturity: 0.47 yrs (upper mid).
Exit load: NIL.
Top bond sector: Corporate.
Conservative stance with elevated cash (~51%).
High-quality debt (AAA/AA ~100%).
Largest holding India (Republic of) (~4.4%).

Below is the key information for Invesco India Ultra Short Term Fund

Invesco India Ultra Short Term Fund Growth
Launch Date	30 Dec 10
NAV (28 Aug 25)	₹2,725.08 ↑ 0.89 (0.03 %)
Net Assets (Cr)	₹1,191 on 31 Jul 25
Category	Debt - Ultrashort Bond
AMC	Invesco Asset Management (India) Private Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.74
Sharpe Ratio	2.75
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	1,000
Exit Load	NIL
Yield to Maturity	6.23%
Effective Maturity	5 Months 19 Days
Modified Duration	5 Months 9 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,318
31 Jul 22	₹10,639
31 Jul 23	₹11,299
31 Jul 24	₹12,109
31 Jul 25	₹13,009

Invesco India Ultra Short Term Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Invesco India Ultra Short Term Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23

Duration	Returns
1 Month	0.5%
3 Month	1.6%
6 Month	3.7%
1 Year	7.3%
3 Year	6.9%
5 Year	5.4%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.5%
2023	6.6%
2022	4.1%
2021	3%
2020	5.1%
2019	7.6%
2018	7.3%
2017	7.1%
2016	9.1%
2015	8.3%

Fund Manager information for Invesco India Ultra Short Term Fund

Name	Since	Tenure
Krishna Cheemalapati	4 Jan 20	5.58 Yr.
Vikas Garg	27 Jul 21	4.02 Yr.

Data below for Invesco India Ultra Short Term Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	50.52%
Debt	49.13%
Other	0.35%

Debt Sector Allocation

Sector	Value
Corporate	60.06%
Cash Equivalent	28.53%
Government	11.06%

Credit Quality

Rating	Value
AA	24.4%
AAA	75.6%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	4%	₹49 Cr	5,000,000
India (Republic of) - \| -	4%	₹49 Cr	5,000,000 ↑ 5,000,000
Summit Digitel Infrastructure Limited Debentures \| -	4%	₹40 Cr	4,000,000 ↑ 2,500,000
Power Finance Corporation Limited Debentures \| -	2%	₹25 Cr	2,500,000 ↑ 2,500,000
Rural Electrification Corporation Limited Debentures \| -	2%	₹25 Cr	2,500,000 ↑ 2,500,000
ICICI Home Finance Company Limited Debentures \| -	2%	₹25 Cr	2,500,000 ↑ 2,500,000
Cholamandalam Investment And Finance Company Limited Debentures \| -	2%	₹25 Cr	2,500,000
TATA Projects Limited Debentures \| -	2%	₹25 Cr	2,500,000
Torrent Power Limited Debentures \| -	2%	₹25 Cr	2,500,000
Godrej Industries Limited Debentures \| -	2%	₹25 Cr	2,500,000

9. DSP Money Manager Fund

"The primary investment objective of the Scheme is to seek to generate reasonable returns commensurate with low risk and a high degree of liquidity, from a portfolio constituted of money market securities and high quality debt securities. However, there can be no assurance that the investment objective of the Scheme will be realized."

Research Highlights for DSP Money Manager Fund

Lower mid AUM (₹3,964 Cr).
Established history (19+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 7.13% (bottom quartile).
1M return: 0.41% (bottom quartile).
Sharpe: 1.67 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.20% (bottom quartile).
Modified duration: 0.46 yrs (lower mid).
Average maturity: 0.51 yrs (lower mid).
Exit load: NIL.
Top bond sector: Corporate.
Conservative stance with elevated cash (~62%).
High-quality debt (AAA/AA ~100%).
Largest holding 364 DTB 06112025 (~2.6%).

Below is the key information for DSP Money Manager Fund

DSP Money Manager Fund Growth
Launch Date	31 Jul 06
NAV (28 Aug 25)	₹3,439.06 ↑ 1.28 (0.04 %)
Net Assets (Cr)	₹3,964 on 31 Jul 25
Category	Debt - Ultrashort Bond
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆
Risk	Moderately Low
Expense Ratio	1.02
Sharpe Ratio	1.67
Information Ratio	0
Alpha Ratio	0
Min Investment	1,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.2%
Effective Maturity	6 Months 4 Days
Modified Duration	5 Months 16 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,310
31 Jul 22	₹10,622
31 Jul 23	₹11,273
31 Jul 24	₹12,051
31 Jul 25	₹12,924

DSP Money Manager Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for DSP Money Manager Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23

Duration	Returns
1 Month	0.4%
3 Month	1.5%
6 Month	3.6%
1 Year	7.1%
3 Year	6.8%
5 Year	5.3%
10 Year
15 Year
Since launch	6.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6.9%
2023	6.7%
2022	4.1%
2021	2.9%
2020	4.7%
2019	7.3%
2018	5%
2017	6%
2016	7.5%
2015	7.9%

Fund Manager information for DSP Money Manager Fund

Name	Since	Tenure
Karan Mundhra	31 May 21	4.17 Yr.
Shalini Vasanta	1 Jan 25	0.58 Yr.

Data below for DSP Money Manager Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	61.82%
Debt	37.76%
Other	0.42%

Debt Sector Allocation

Sector	Value
Corporate	56.48%
Cash Equivalent	26.3%
Government	16.79%

Credit Quality

Rating	Value
AA	3.98%
AAA	96.02%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
364 DTB 06112025 Sovereign Bonds \| -	3%	₹98 Cr	10,000,000
HDFC Bank Ltd. Debentures \| -	3%	₹96 Cr	2,000 ↑ 1,000
National Bank For Agriculture And Rural Development Debentures \| -	2%	₹81 Cr	7,500 ↑ 2,500
Bharti Telecom Limited Debentures \| -	2%	₹80 Cr	7,500
LIC Housing Finance Ltd Debentures \| -	2%	₹78 Cr	750
7.59% Govt Stock 2026 Sovereign Bonds \| -	2%	₹76 Cr	7,500,000
HDFC Bank Ltd. Debentures \| -	2%	₹72 Cr	1,500 ↑ 1,500
Small Industries Development Bank Of India Debentures \| -	1%	₹54 Cr	5,000 ↑ 5,000
LIC Housing Finance Ltd Debentures \| -	1%	₹53 Cr	5,000
Tata Capital Housing Finance Limited Debentures \| -	1%	₹53 Cr	500

10. SBI Magnum Ultra Short Duration Fund

(Erstwhile SBI Magnum InstaCash Fund)

To provide the investors an opportunity to earn returns through investment in debt & money market securities, while having the benefit of a very high degree of liquidity.

Research Highlights for SBI Magnum Ultra Short Duration Fund

Upper mid AUM (₹15,902 Cr).
Oldest track record among peers (26 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 7.37% (upper mid).
1M return: 0.45% (upper mid).
Sharpe: 2.77 (upper mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.13% (bottom quartile).
Modified duration: 0.39 yrs (upper mid).
Average maturity: 0.45 yrs (upper mid).
Exit load: NIL.
Higher exposure to Financial Services vs peer median.
Top bond sector: Corporate.
Conservative stance with elevated cash (~64%).
High-quality debt (AAA/AA ~100%).
Largest holding 5.63% Govt Stock 2026 (~4.2%).

Below is the key information for SBI Magnum Ultra Short Duration Fund

SBI Magnum Ultra Short Duration Fund Growth
Launch Date	21 May 99
NAV (28 Aug 25)	₹6,037.11 ↑ 1.74 (0.03 %)
Net Assets (Cr)	₹15,902 on 31 Jul 25
Category	Debt - Ultrashort Bond
AMC	SBI Funds Management Private Limited
Rating	☆☆☆
Risk	Low
Expense Ratio	0.54
Sharpe Ratio	2.77
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.13%
Effective Maturity	5 Months 12 Days
Modified Duration	4 Months 20 Days

Growth of 10,000 investment over the years.

Date	Value
31 Jul 20	₹10,000
31 Jul 21	₹10,367
31 Jul 22	₹10,722
31 Jul 23	₹11,429
31 Jul 24	₹12,254
31 Jul 25	₹13,172

SBI Magnum Ultra Short Duration Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for SBI Magnum Ultra Short Duration Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 28 Jul 23

Duration	Returns
1 Month	0.5%
3 Month	1.6%
6 Month	3.7%
1 Year	7.4%
3 Year	7.1%
5 Year	5.7%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.4%
2023	7%
2022	4.5%
2021	3.4%
2020	5.9%
2019	8%
2018	7.9%
2017	6.6%
2016	7.7%
2015	8.3%

Fund Manager information for SBI Magnum Ultra Short Duration Fund

Name	Since	Tenure
Sudhir Agrawal	15 May 25	0.21 Yr.

Data below for SBI Magnum Ultra Short Duration Fund as on 31 Jul 25

Asset Allocation

Asset Class	Value
Cash	64.34%
Debt	35.38%
Other	0.28%

Debt Sector Allocation

Sector	Value
Corporate	47.36%
Cash Equivalent	33.85%
Government	18.51%

Credit Quality

Rating	Value
AA	3.19%
AAA	96.81%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
5.63% Govt Stock 2026 Sovereign Bonds \| -	4%	₹685 Cr	68,500,000
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹517 Cr	5,150
HDFC Bank Ltd. Debentures \| -	3%	₹480 Cr	10,000
Bharti Telecom Limited Debentures \| -	2%	₹372 Cr	3,700 ↑ 900
India (Republic of) - \| -	2%	₹325 Cr	32,500,000
INDIA UNIVERSAL TRUST AL2 Unlisted bonds \| -	2%	₹263 Cr	400
Citicorp Finance (India) Limited Debentures \| -	2%	₹251 Cr	25,000
India (Republic of) - \| -	2%	₹247 Cr	25,000,000
Rec Limited Debentures \| -	1%	₹244 Cr	2,450
Tata Capital Housing Finance Limited Debentures \| -	1%	₹221 Cr	2,200

Disclaimer:
यहां प्रदान की गई जानकारी सटीक है, यह सुनिश्चित करने के लिए सभी प्रयास किए गए हैं। हालांकि, डेटा की शुद्धता के संबंध में कोई गारंटी नहीं दी जाती है। कृपया कोई भी निवेश करने से पहले योजना सूचना दस्तावेज के साथ सत्यापित करें।